v3.26.1
DEBT (Tables)
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Debt
Our debt arrangements consisted of the following (in thousands):
Loan Agreement
June 30, 2026December 31, 2025
Production Reservation Fee - related party65,000 65,000 
Senior Secured Credit Facility173,369 192,133 
5.25% Convertible Notes due 2030
161,000 161,000 
4.00% Convertible Notes due 2031
184,000 — 
Total debt principal$583,369 $418,133 
Less: unamortized discount and debt issuance costs(33,422)(27,975)
Total debt$549,947 $390,158 
Less: current portion49,593 46,357 
Noncurrent portion$500,354 $343,801 
Schedule of Debt Borrowing Rates
As of June 30, 2026, our debt borrowing rates were as follows:
Loan AgreementInterest RateEffective Interest Rate
Production Reservation Fee - related party—%4.1%
Senior Secured Credit Facility
SOFR plus 2.50%
7.2%
5.25% Convertible Notes due 2030
5.25%6.3%
4.00% Convertible Notes due 2031
4.00%4.1%
Schedule of Principal Maturities of Debt
The aggregate maturities of long-term debt as of June 30, 2026, were as follows (in thousands):
Remainder of 2026$27,593 
202751,578 
202871,951 
202987,247 
2030161,000 
Thereafter184,000 
Total $583,369